Wowo Limited (JMU) Reports Q2 Breakeven Loss

Wowo Limited (NASDAQ: JMU) reported Q2 EPS of $-0.00, versus $-0.00 reported last year. Revenue for the quarter came in at $56.1 million, versus $44.3 million reported last year.

As of June 30, 2016, the Company’s cash and cash equivalents was $3.6 million, a decrease of 68% as compared to $11.2 million as of December 31, 2015. The decrease in cash and cash equivalents was mainly due to the growth of our online direct sales which requires cash outflow for products procurement. Working capital was $7.9 million as compared to $16.1 million as of December 31, 2015. Total shareholders’ equity was $284.8 million and $304.7 million as of June 30, 2016 and December 31, 2015, respectively.

For earnings history and earnings-related data on Wowo Limited (JMU) click here.

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